Crypto Market Brief: Berachain’s Deal, Enlivex’s Treasury, and ENS Attack
Berachain’s $25M Investment Deal Includes Unusual Refund Clause
Legal documents have revealed that Berachain offered Brevan Howard’s Nova Digital unconventional refund rights on its $25 million investment. The activation of this refund agreement, however, is contingent on an unconfirmed $5 million deposit, adding a layer of uncertainty to the deal’s final terms.
Enlivex Creates $212M Treasury for Prediction Market Tokens
Enlivex Therapeutics has announced a $212 million private placement to establish a digital asset treasury focused on the Rain token. This move, which caused the RAIN token to surge over 120%, makes Enlivex the first US-listed company to adopt a treasury strategy oriented toward prediction markets.
Ethereum Name Service Packages Targeted in Supply Chain Attack
A supply chain cyberattack detected on November 24 compromised over 400 npm code libraries, including packages related to the Ethereum Name Service (ENS). Despite the breach, ENS Labs confirmed that user assets and domains were not affected by the incident.
Dogecoin Stalls as Musk’s AI News Fails to Spark Rally
Dogecoin’s price remained stagnant below $0.15, breaking its historical trend of rallying on news related to Elon Musk. The lack of movement occurred even as Musk announced a major breakthrough in AI chip manufacturing at Tesla, a development that helped push the company’s shares toward a $1.2 trillion valuation.